Passive Mobile Home Park Investing

Welcome back to The Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode, Andrew Keel sits down with Leo Young, co-founder of Cornell Communities, to discuss his journey from working at Tesla to building a successful career in mobile home park investing. Leo shares what drew him to the mobile home park investment thesis, how he built an efficient operations team to scale his trailer park portfolio, and the key lessons he has learned from both wins and mistakes. Listeners will hear real-world insights on raising capital, managing park-owned mobile homes, navigating rent control and regulatory changes, and what it really takes to create passive income through mobile home park investments. With experience on a $4.5 billion private equity acquisition team and over $50 million in real estate transactions, Leo brings a unique perspective combining operational expertise, strategic investing, and hands-on management to the mobile home park investing asset class.   Topics covered in this episode: Leo Young’s journey from Tesla to mobile home park investing What first attracted him to the mobile home park investment thesis Building an efficient operations team to scale a mobile home park portfolio Raising capital for mobile home park investments Lessons learned from mobile home park deals that looked good on paper but failed in reality and in due diligence Managing park-owned mobile homes and ensuring reliable on-site managers The importance of having strong people on the ground and being on-site Navigating rent control and increasing regulatory pressures The mindset and work ethic required to succeed in the mobile home park industry Spicy lightning round: fun insights and quick takes on manufactured housing communities About Leo Young Leo Young is the co-founder of Cornell Communities and has been involved in over $50 million worth of real estate transactions. He previously served on the acquisition team of a $4.5 billion private equity fund. Before real estate, Leo was the #1 Regional Salesperson at Tesla, an experience that shaped his approach to operations, leadership, and scaling investments in mobile home parks. About Andrew Keel Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,250 lots under management. His team currently manages more than 50 manufactured housing communities across 15+ states. Andrew specializes in turning around under-managed manufactured housing communities by implementing proven systems to maximize occupancy while reducing operating costs. His expertise includes: Bringing in mobile homes to fill vacant lots. Implementing utility bill-back programs. Improving overall management and operating efficiencies in mobile home parks. These strategies can significantly boost both asset value and net operating income. Learn more at keelteam.com Check out Andrew’s FREE e-book: “The Top 20 Things You Need to Know Before You Start Investing in MHPs” — available on our website here: https://keelteam.com/top-20-things-learned-from-mobile-home-park-investing/ Andrew has been featured on some of the top podcasts in the manufactured housing space. Listen to his most recent interviews here: keelteam.com/podcast-links. To successfully implement his management strategy, Andrew’s team often relocates on-site during the first several months of ownership. Find out more about Andrew’s story at andrewkeel.com Support the Show Are you getting value out of this podcast? If so, please head over to iTunes and leave a quick five-star review. Our goal is to hit over 500 total 5-star reviews, and it would mean the world to us if you could help us get there. Thank you for making our day with your support! Apple Podcasts (iPhone, iPad, or Mac users)                                                                           Leave a Review on Apple Podcasts                                                                                     (Open the link, scroll down to “Ratings & Reviews,” then tap “Write a Review.”) Want to see mobile home park projects in progress? Follow us on Instagram: @passivemhpinvesting for photos and videos from our latest acquisitions.   Talking Points: 00:21 - Welcome to the Passive Mobile Home Park Investing Podcast 01:10 - Leo Young’s journey from Tesla to mobile home park investing 04:45 - What drew Leo Young to the mobile home park investment thesis 08:19 - Building Leo Young’s operations team and scaling the business 11:17 - Raising capital for mobile home park acquisitions 13:00 - Mobile home park deals that looked great on paper but failed in reality 15:50 - Managing park-owned mobile homes and reliable on-site managers 18:16 - The importance of good people on-site and hands-on mobile home park management 22:27 - Navigating rent control and regulatory changes 24:35 - Doing whatever it takes to succeed in the mobile home park industry 28:00 - Spicy lightning round questions 30:45 - How to reach out to Leo Young 31:04 - Conclusion   SUBSCRIBE on YouTube: Passive Mobile Home Park Investing Podcast   Links & Mentions from This Episode: Cornell Communities: https://www.cornell-communities.com/ Leo Young: https://leoyoungrealestate.com/ Leo on LinkedIn: linkedin.com/in/leo-young Keel Team’s official website: https://www.keelteam.com/  Andrew Keel’s official website: https://www.andrewkeel.com/   Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel  Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/ Twitter: @MHPinvestors   Quotes: “A good on-site manager is worth their weight in gold.” — Leo Young “If people keep moving out and you don’t know why, it’s likely that your manager is doing something weird and causing problems.” — Andrew Keel “Nothing can replace going on-site.” — Leo Young

Andrew Cramer, founder of Bridgeview Asset Management who has acquired and managed thousands of manufactured home units, shares his unconventional path from chemistry and hedge funds into value-add mobile home park investing. He talks about learning through hands-on operations, building scalable teams and project management, sourcing deals with brokers versus off-market strategies, and a game-changing turnaround acquisition that reshaped his approach.

Brad Johnson, co-founder and CIO of Vintage Capital and 20+ year mobile home park investor, now focuses on capital allocation and education. He discusses moving from operator to allocator. He covers evaluating operators, where to invest regionally, why hiring top management matters, risks like infrastructure complexity, and the value of long-term stewardship.

Kevin Bupp, founder and CEO of Sunrise Capital Investors and author, shares 16+ years in mobile home park investing. He recounts a big deal he passed on, lessons from infill complexity, and his evolving take on private utilities. He explains the Lovejoy turnaround, plans to house 15,000 families, and why parking garages are his diversification pivot. Rapid-fire Q&A closes the conversation.

Kyle Grimm, a Midwest real estate investor who owns hundreds of mobile home park lots, walks through his start with a $5,000 house and scaling into parks, RVs and storage. He tells the story of his first park buy, discusses vertical integration and building a lean operations team. They also cover off-market deals, common funding mistakes, and regulatory risks facing the sector.

Patrick McDonald, a financial-planning pro who runs portfolio ops and capital strategies, and Nick Cebula, a former medical sales manager who sources parks and runs direct-to-owner marketing. They describe scaling a 30-property mobile home and RV park portfolio, tackling park-owned home divestment, property management hurdles, deal sourcing tactics, financing sales, and navigating rent-control and regional market risks.

Join host Andrew Keel in this episode of The Passive Mobile Home Park Investing Podcast as he interviews special guest Dustin Wiskes, a full-time engineer and accomplished mobile home park investor in the state of Wisconsin. Dustin Wiskes began his real estate journey in 2021 with a value-add, 28-space mobile home park in western Wisconsin. Just four years later, he now owns 9 mobile home communities with a total of approximately 275 pads, all located in Wisconsin. Dustin Wiskes shares his inspiring mobile home park investing story of starting small and scaling up while balancing the demands of a full-time career. From navigating his first mobile home park deal to overcoming challenges like mobile home park utility infrastructure issues and market evaluation, Dustin Wiskes offers invaluable insights for investors at every stage of their journey.   Key Topics Covered in This Episode: Dustin Wikes’ First Deal: Lessons learned from purchasing and managing a value-add mobile home park. The Importance of Due Diligence: How proper research can prevent costly mistakes. Submetered Mobile Home Parks: The advantages and potential challenges of submetering water and sewer. Balancing a Full-Time Career and Real Estate: Tips for managing nine mobile home parks while working as an engineer. Public Utilities vs. Septic Systems: Insights into infrastructure decisions and their impact on mobile home park operations. Market Research: Evaluating Metropolitan Statistical Areas (MSAs) to identify lucrative opportunities. Scaling a Portfolio: Strategies for growing your mobile home park investments while maintaining work-life balance. Building Trust with General Partners (GPs): Establishing successful partnerships in real estate. Overcoming Mobile Home Park Utility Infrastructure Challenges: Real-world examples of dealing with outdated systems and unengaged owners.   Whether you’re a seasoned mobile home park investor or just beginning to explore passive real estate investing, this episode is filled with actionable strategies and valuable lessons to help you grow your portfolio and achieve financial freedom. Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 states. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Check out KeelTeam.com to learn more. Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews:  https://www.keelteam.com/podcast-links. In order to successfully implement his management strategy, Andrew’s team usually moves on location during the first several months of ownership. Find out more about Andrew’s story at AndrewKeel.com. Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, and it would mean the absolute world to me if you could help contribute to that. Thanks ahead of time for making my day with your review of the show. Would you like to see value-add mobile home park projects in progress? If so, follow us on Instagram: @passivemhpinvesting for photos and awesome videos from our recent mobile home park acquisitions.   Talking Points: 00:21 - Welcome to the Passive Mobile Home Park Investing Podcast 04:00 - Dustin’s first mobile home park: lessons learned and key takeaways 08:00 - The importance of thorough mobile home park due diligence 10:45 - Advantages and challenges of submetered water and sewer in mobile home parks 13:30 - Managing nine mobile home parks while working full-time (feat. RentButter insights) 18:20 - Public utilities vs. septic tanks: what to know 20:00 - Acquiring used homes for mobile home parks 24:00 - Market research and evaluating bad infrastructure in mobile home parks 33:00 - Trusting and partnering with GP’s 37:00 - Managing the ups and downs of owning multiple mobile home parks 45:22 - Out-of-touch mobile home park owners: handling common challenges 47:00 -  Researching MSAs and their importance 50:00 - Scaling your mobile home park portfolio while maintaining work-life balance 56:07 - How to connect with Dustin Wiskes 57:00 - Closing thoughts   SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ   Links & Mentions from This Episode: Dustin Wiskes’ Instagram: https://www.instagram.com/dustinwiskes/ RentButter: https://www.rentbutter.com/ Keel Team’s official website: https://www.keelteam.com/  Andrew Keel’s official website: https://www.andrewkeel.com/   Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel  Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/ Twitter: @MHPinvestors   Quotes: “I didn’t go through the due diligence handbook probably as well as I should have. I mean, I tried to do the main ones…And hindsight, I probably should have got a more proper survey done.” - Dustin Wiskes “Clearly markets matter.” - Dustin Wiskes “Other than the market, I would be wary of really bad (mobile home park) infrastructure.” - Dustin Wiskes “That’d be fun if you want to go down a dirty (mobile home park) sewer line. Who doesn’t want to do that?” - Andrew Keel

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode of the Passive Mobile Home Park Investing Podcast our host Andrew Keel interviews a special guest in Daniel Burnham, managing member at Timberline Construction Group, LLC. In this episode of The Passive Mobile Home Park Investing Podcast, Andrew Keel and Daniel Burnham discuss the critical topic of natural disasters and their impact on mobile home parks.  This episode is essential listening for mobile home park owners and investors who want to better prepare for and try to mitigate disaster-related challenges.   Key Takeaways from the Episode: Providing temporary housing: Daniel shares the step-by-step process for creating temporary manufactured housing quickly after a natural disaster. Collaborating with FEMA: Learn how to work effectively with FEMA to maximize the benefits of their assistance programs. Optimal Mobile Home Park layouts: Explore Daniel’s recommendations for designing mobile home parks when developing from raw land.   About Daniel J. Burnham: Daniel began his career at Timberline Construction Group, LLC while pursuing his degree in Business Management at the University of West Florida. Over the years, he has cultivated extensive expertise in construction and temporary housing, helping communities rebuild and recover in the wake of natural disasters.   About Timberline Construction Group, LLC: Timberline Construction Group is an industry leader in: Disaster recovery efforts: Partnering with federal, state, and local governments to provide immediate and long-term recovery solutions. Mobile home park development: Expanding and improving manufactured housing communities with innovative and efficient construction practices!   Don’t miss this episode filled with expert insights on disaster recovery, mobile home park development, and collaboration with FEMA. Listen now! Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 states. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Check out KeelTeam.com to learn more.  Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews:  https://www.keelteam.com/podcast-links. In order to successfully implement his management strategy, Andrew’s team usually moves on location during the first several months of ownership. Find out more about Andrew’s story at AndrewKeel.com. Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, and it would mean the absolute world to me if you could help contribute to that. Thanks ahead of time for making my day with your review of the show. Would you like to see value-add mobile home park projects in progress? If so, follow us on Instagram: @passivemhpinvesting for photos and awesome videos from our recent mobile home park acquisitions.   Talking Points: 00:21 - Welcome to The Passive Mobile Home Park Investing Podcast. 01:25 - Managing a mobile home park after a TORNADO rips through. 04:20 - Working with FEMA: How to get support and what happens after the first 12 to 18 months. 12:00 - Mobile home park development and current building processes. 18:00 - Best practices for building mobile home parks from raw land. 19:15 - Why involving contractors early is critical to mobile home park investing success. 21:40 - Breaking down cost per mobile home park lot during ground up development. 23:45 - Investing in mobile home parks as a passive investor. 27:30 - Mobile Home Park key utility infrastructure recommendations from Daniel J. Burnham. 31:41 - How to connect with Daniel J. Burnham. 32:43 - Episode conclusion.   SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ   Links & Mentions from This Episode:  Timberline Construction Group, LLC: www.timberlinecg.com  Timberline Construction Group, LLC phone number: 800-848-8300 (Clay Curtis) FEMA’s federal acquisition side: https://sam.gov/  Keel Team’s official website: https://www.keelteam.com/    Andrew Keel’s official website: https://www.andrewkeel.com/    Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel   Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast  Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/  Twitter: @MHPinvestors     Quotes:  “FEMA typically jumps in when insurance does not.” - Daniel J. Burnham “In most cases [of temporary mobile home housing after a disaster], especially ones that we’re aware of, [displaced mobile home tenants] are simply temporary residents and so [FEMA] does not sell the units.” - Daniel J. Burnham “From a building perspective and development perspective, having utilities close by is a huge money saver.” - Daniel J. Burnham “You put bad data in, you get bad data out.” - Daniel J. Burnham

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode, Andrew Keel sits down with Jeff Flynn, a Navy veteran and founder of Aspen Ridge Capital, to discuss his remarkable transition from military service to mobile home park investing. Jeff Flynn’s journey began during his final year in the Navy, when he worked as a mobile home park broker. Just three days after leaving the military, he fully immersed himself into his first mobile home park acquisition. In a short span, Jeff Flynn scaled his portfolio to eight mobile home parks and continues to focus on expanding his business.   Join Andrew Keel and Jeff Flynn as they explore the strategies that drive successful mobile home park investments. Topics include: Transitioning to MHP Investing: How Jeff Flynn moved from the military to owning mobile home parks within days of completing his service. Portfolio Growth and Syndication: Insights into scaling to eight parks and leveraging syndication effectively. Strategies for Raising Rents: Proven methods for increasing rents while maintaining resident satisfaction. Remote Management Success: How to manage mobile home parks from a distance using virtual assistants and on-site teams. Scaling Challenges: The risks of growing too quickly and strategies to avoid common pitfalls. AI Integration: How artificial intelligence has helped Jeff streamline operations and improve efficiency. Networking and Learning by Osmosis: Gaining valuable knowledge through conversations and investor connections. Creative Yet Disciplined Buying Criteria: Balancing flexibility and structure when targeting parks. Value-Add Opportunities in Smaller Trailer Parks: Why Jeff Flynn focuses on small- to mid-sized mobile home parks and works closely with mom-and-pop owners. Exit Strategies: Crafting a clear plan for long-term success in MHP investing. Septic Systems vs. City Sewer: Weighing the pros and cons of each system for mobile home parks. Infill Hacks and Niche Strategies: Tips for optimizing mobile home park occupancy and adding value. This episode is packed with actionable insights for anyone interested in mobile home park investing, uncovering value-add opportunities, or scaling quickly and effectively in this niche market. Listen now and start your journey toward passive MHP investing success! ***Andrew Keel and Keel Team Real Estate Investments (Keel Team, LLC) do not endorse any interviewee. This interview is for informational purposes only and should not be depended upon for investment purposes. *** Andrew Keel is the owner of Keel Team, LLC, a Top 50 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 states. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Check out KeelTeam.com to learn more. Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews:  https://www.keelteam.com/podcast-links. In order to successfully implement his management strategy, Andrew’s team usually moves on location during the first several months of ownership. Find out more about Andrew’s story at AndrewKeel.com.   Book a 1 on 1 consultation with Andrew Keel to discuss: A mobile home park deal review (get live feedback on your own MHP deal!) Mobile home park due diligence questions How to raise capital from investors for mobile home parks Mistakes to avoid in mobile home park investing, and more! Click Here to book the 1 on 1 consultation: https://intro.co/AndrewKeel   Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, and it would mean the absolute world to me if you could help contribute to that. Thanks ahead of time for making my day with your review of the show. Would you like to see value-add mobile home park projects in progress? If so, follow us on Instagram: @passivemhpinvesting for photos and awesome videos from our recent mobile home park acquisitions.   Talking Points: 00:21 – Introduction to The Passive Mobile Home Park Investing Podcast 01:00 – Jeff Flynn’s inspiring journey: From serving in the military to investing in mobile home parks 06:30 – Building a strong mobile home park portfolio: Jeff Flynn’s experience with syndication and scaling his investments 13:20 – Proven strategies for raising rents effectively in mobile home parks 17:00 – Remote management success: Utilizing virtual assistants and on-site teams to streamline operations 19:45 – The risks of scaling too quickly and how to avoid common pitfalls in mobile home park investing 21:30 – Leveraging artificial intelligence (AI) to optimize mobile home park systems and processes 26:00 – The power of networking: Gaining valuable insights from mobile home park investor conversations and learning through experience 29:18 – Striking the balance: Creativity and discipline in mobile home park buying criteria 30:50 – Unlocking value-add opportunities: Targeting smaller to mid-sized mobile home parks and building relationships with mom-and-pop owners 42:20 – Crafting a solid exit strategy: Why planning your endgame is crucial in mobile home park investing 45:00 – Septic systems vs. city sewer: Weighing the pros and cons for mobile home parks 47:07 – Creative infill strategies and niche tips for optimizing mobile home park occupancy 53:00 – How to connect with Jeff Flynn 53:30 – Closing thoughts and takeaways   SUBSCRIBE TO THE PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL: https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ   Links & Mentions from This Episode: Jeff Flynn on LinkedIn: https://www.linkedin.com/in/jeffaflynn Aspen Ridge Equity: https://www.aspenridge.info/ Keel Team’s official website: https://www.keelteam.com/  Andrew Keel’s official website: https://www.andrewkeel.com/   Andrew Keel’s LinkedIn: https://www.linkedin.com/in/andrewkeel  Andrew Keel’s Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast Andrew Keel’s Instagram page: https://www.instagram.com/passivemhpinvesting/ Twitter: @MHPinvestors   Quotes: “It’s easier to get lucky when you’re working hard.” - Jeff Flynn “Nobody wants to pay more in rent, but they also want to make sure that the (mobile home park) community that their home is–more or less–stuck in, is continuing to be maintained.” - Jeff Flynn “A lot of it was just sitting down and figuring out, ‘What am I doing that’s working? What am I doing that’s not?’ A lot of it is just learning on the job.” - Jeff Flynn

Welcome back to the Passive Mobile Home Park Investing Podcast, hosted by Andrew Keel. In this episode of the Passive Mobile Home Park Investing Podcast our host Andrew Keel interviews two special guests, Jake Bond and Paras Shah of GSC Investments. Since launching GSC Investments in 2016, Jake Bond and Paras Shah have built a thriving portfolio of over 40 institutional-quality mobile home parks, including two active ground-up development manufactured housing community projects. Together, they discuss their mobile home park investing journey and share valuable insights for building and maintaining high-quality mobile home communities that attract long-term, loyal residents in some of the nations top markets. Join Andrew Keel, Jake Bond and Paras Shah as they dive into the strategies that set successful mobile home park investments apart. They cover essential topics like: The importance of providing well-maintained, affordable mobile homes to foster stable mobile home park communities. Effective tactics for attracting and retaining "sticky" tenants who view mobile home parks as their forever home. Overcoming misconceptions and biases surrounding mobile home parks and reshaping public perception. Navigating the impact of mobile home park rent control laws in the Pacific Northwest. How market education and community density considerations play a role in sustainable mobile home park growth. Tune in to gain a fresh perspective on the mobile home park investing industry and learn what it takes to succeed in this unique commercial real estate investment sector. ***Andrew Keel and Keel Team Real Estate Investments (Keel Team, LLC) do not endorse any interviewee. This interview is for informational purposes only and should not be depended upon for investment purposes. *** Andrew Keel is the owner of Keel Team, LLC, a Top 100 Owner of Manufactured Housing Communities with over 3,000 lots under management. His team currently manages over 40 manufactured housing communities across more than 10 states. His expertise is in turning around under-managed manufactured housing communities by utilizing proven systems to maximize the occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant lots, implementing utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the communities. Check out KeelTeam.com to learn more. Andrew has been featured on some of the Top Podcasts in the manufactured housing space, click here to listen to his most recent interviews:  https://www.keelteam.com/podcast-links. In order to successfully implement his management strategy, Andrew’s team usually moves on location during the first several months of ownership. Find out more about Andrew’s story at AndrewKeel.com. Are you getting value out of this show? If so, please head over to iTunes and leave the show a quick review. I have a goal of hitting over 500 total 5-star reviews, and it would mean the absolute world to me if you could help contribute to that. Thanks ahead of time for making my day with your review of the show. Would you like to see value-add mobile home park projects in progress? If so, follow us on Instagram: @passivemhpinvesting for photos and awesome videos from our recent mobile home park acquisitions.   Talking Points: 00:21 – Welcome to The Passive Mobile Home Park Investing Podcast with Andrew Keel 01:00 – GSC Investments’ Origin Story: How Jake Bond and Paras Shah Entered Mobile Home Park Investing 03:40 – Getting Started: Tips on Mobile Home Park Education and Setting Buying Criteria 11:10 – Key Factors in Mobile Home Park Design: Considering Density for a Balanced Community 13:00 – Anticipating Market Trends in Specific Mobile Home Park Communities 16:00 – The Hands-On Side of Mobile Home Park  Management: Why It’s So Management-Intensive 20:18 – Valuable Lessons from Experience in Passive Mobile Home Park Investing 30:13 – Finding Your First Investment: Why Mobile Home Parks Make Great Starter Assets 32:30 – The Power of Persistence in Mobile Home Park Investing Success 38:15 – Navigating Rent Control: Effects on Mobile Home Park Investments in the Pacific Northwest 42:00 – Building Quality Mobile Home Park Communities: How to Attract Long-Term, Loyal Mobile Home Park Residents 51:00 – Shifting Perspectives: Educating the Public on the Value of Mobile Home Parks 53:00 – Connect with Jake Bond and Paras Shah 53:53 – Wrap-Up and Final Thoughts   SUBSCRIBE TO PASSIVE MOBILE HOME PARK INVESTING PODCAST YOUTUBE CHANNEL https://www.youtube.com/channel/UCy9uI3KGQmFgABsr9lUtRTQ   Links & Mentions from This Episode: Jake bond’s email: jake@gscinvestments.com Paras Shah’s email: paras@gscinvestments.com Keel Team’s official website: https://www.keelteam.com/  Andrew Keel’s official website: https://www.andrewkeel.com/   Andrew Keel LinkedIn: https://www.linkedin.com/in/andrewkeel  Andrew Keel Facebook page: https://www.facebook.com/PassiveMHPinvestingPodcast Andrew Keel Instagram page: https://www.instagram.com/passivemhpinvesting/ Twitter: @MHPinvestors   Quotes: “We can’t build (mobile home parks) vertically. We get no density, right? So we have to build horizontally and that requires a lot of acreage.” - Jake Bond “The hardest part about manufactured housing is maintaining the quality and integrity of the community as well as the (mobile) homes and the (mobile home park) lots and I think that people discount or do not take into account how difficult it truly is to be effective and efficient in bringing new homes to revitalize.” - Jake Bond “Like brokers, when you’re new to this space, they don’t really take you seriously. You’re obviously, and I mean, especially today, you have a lot more capital chasing deals, a lot of new investors in the space” - Paras Shah “Some of the best investments are the ones where perception doesn’t meet reality and that’s the case with MH (Mobile Home Parks).” - Paras Shah “Manufactured housing is the only form of affordable housing that is unsubsidized.” - Paras Shah